Aarhus University's budget for 2020-2023 was approved by the board on 13 December. With the controversial reallocation contribution on degree programme revenues finally out of the picture, the financial future at AU looks brighter overall, and the university now has room to manoeuvre in continued strategic initiatives. However, finances will be under pressure over the next couple of years in parts of the university, due to previous years’ cuts and lower-than-expected student intake in some places. The university will face these challenges in a spirit of solidarity and unity.